Actuarial Analysis

LDI Strategy and Implementation

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Dr. Puffer created and implemented a Liability-Driven Investment strategy (LDI) for NAV CANADA’s $3Billion pension plan using derivatives. She was responsible for all aspects of investment management and asset mix for the pension fund. She restructured the real estate and equity portfolios. The strategy reduced the volatility of the plan’s solvency ratio and improved the risk profile of the pension fund. She worked closely with the Board, senior management, unions and the plan actuaries to develop a governance process for the pension plan including risk assessment, risk budgeting, optimization, and risk monitoring.

Market Turmoil and Pension Plans

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April 15, 2009, Canadian Institute of Actuaries Pension Seminar, Toronto, with Patricia Croft. This speech addressed the determination of the long-term corporate bond discount rate for pension liabilities. Dr. Puffer was a member of the CIA's Task Force on Discount Rates.

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Fixed Income and Asset-Liability Risk Management

May 12, drugs 2006, BMO Nesbitt Burns Women in Fixed Income Industry Forum, Niagara-on-the-Lake, Ontario.
May 12, drugs 2006, BMO Nesbitt Burns Women in Fixed Income Industry Forum, Niagara-on-the-Lake, Ontario.
August 25, 2006, Canadian Investment Review 2006 Risk Management Conference, Mont Tremblant, Quebec

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